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INCOME TAXES
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The provision for/benefit from income taxes represents federal, state and local, and foreign taxes on earnings (loss) from continuing operations before income taxes and equity in loss of investee companies. For the three months ended March 31, 2025, we recorded a provision for income taxes of $100 million, reflecting an effective income tax rate of 29.9%. Included in the provision for income taxes are the following items identified as affecting the comparability of our results, which in aggregate resulted in an increase in our effective income tax rate of 2.0 percentage points.
Impact from Items Affecting Comparability
Three Months Ended March 31, 2025
Earnings (Loss) Before Income TaxesBenefit from (Provision for) Income Taxes
Restructuring charges (Note 3)
$(65)$16 
Transaction-related items (Note 3)
$(20)$— 
Gain from dispositions$35 $(2)
Net discrete tax provision
n/a$(7)
n/a - not applicable
For the three months ended March 31, 2024, we recorded a benefit from income taxes of $172 million, reflecting an effective income tax rate of 27.1%. Included in the benefit from income taxes are the following items identified as affecting the comparability of our results, which in aggregate resulted in an increase in our effective income tax rate of 5.0 percentage points.
Impact from Items Affecting Comparability
Three Months Ended March 31, 2024
Earnings (Loss) Before Income TaxesBenefit from (Provision for) Income Taxes
Programming charges (Note 2)
$(1,118)$275 
Restructuring charges (Note 3)
$(186)$46 
Loss from investment$(4)$1 
Net discrete tax provision
n/a$(1)
n/a - not applicable